Free $500 Cash Bonus from Capital One

By Emma Johnson

May 19th 2020 08:39 pm

Capital One is offering savings accounts with 1.3% APY (annual percentage yield). Until 5/31/2020, they are also offering a free up to $500 cash bonus! You need at least $10,000 to do this deal.

Step 1
You must have at least $10,000 you don't need for 90 days to do this deal.
You must be new to 360 Performance Savings Account

Step 2
Go to Capital One

Step 3
Open a new 360 Performance Savings account by May 31, 2020, using promo code SCORE500

Step 4
Deposit $10,000 or more of new money within 10 days of account opening
* $10000 - You get $100 Cash Bonus
* $20000 - You get $200 Cash Bonus
* $30000 - You get $300 Cash Bonus
* $40000 - You get $400 Cash Bonus
* $50000 - You get $500 Cash Bonus

Step 5
Maintain the required daily balance within a bonus tier for 90 days following the Initial Funding Period, and earn $100 for every $10,000 (up to $500)


Notes
If you keep your balance for 90-days to get the bonus, this is like a guaranteed earnings of 1.325% in 90 days
Capital One is FDIC insured so your money is safe up to $250,000


Fineprint
To earn a bonus, open a 360 Performance Savings account between 12:00 a.m. ET on April 16, 2020 and 11:59 p.m. ET on May 31, 2020. If you have or had an open savings and/or money market account (excluding CDs, IRA savings accounts, and Kids Savings accounts) as a primary or secondary account holder with Capital One on or after January 1, 2016, you're ineligible for the bonus. Deposit a total of $10,000-$50,000 or more of new money from an external bank (transfers between Capital One accounts will not qualify) within 10 days of account opening (Initial Funding Period). Maintain the required daily balance within a bonus tier for 90 days following the Initial Funding Period, and earn $100 for every $10,000 maintained (up to $500).


Screenshot of Promo Code Screen